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Booming construction sectors attracts more than US$5 billion in FDI

Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs.

In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 million square metres.

Speaking with reporters at the media briefing on 17 October, 2018, H.E Lao Tipseiha, Secretary of State of MLMUPC said that construction and real estate sectors in Cambodia remain robust, especially construction.

Meanwhile, real estate analyst and CEO of Key Real Estate Mr Sorn Seap recently said that the construction and real estate sectors will continue to have great potential for a long time. In addition, the sector will continue to attract investors from across the globe, especially from Asia.

Reflecting on the strong foreign investment into the sector, over the past 18 years, China, Korea, Japan, Thailand, Taiwan, Singapore and the UK have invested the largest amounts of money into the construction sector in the country.

Within this period, according to the figures from MLMUPC, China has invested more than US$ 2.4 billion, Korea US$1.6billion, Japan US$255 million, Thailand US$181 million, Taiwan US$176 million, Singapore US$161million, and the UK US$149 million.

Source From: http://www.construction-property.com/read-news-1460/

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